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What is the profit earned by selling a w...

What is the profit earned by selling a watch for ? 15675?
I. Total cost price of 5 such watches is equal to selling price of 4 such watches.
II 25 % profit is earned by selling each watch.

A

If the Statement I alone is sufficient to answer the question but the Statement II alone is not sufficient

B

If the Statement II alone is sufficient to answer the question but the Statement alone is not sufficient

C

If both the Statements I and II together are needed to answer the question

D

If either the Statement I alone or Statement II alone is sufficient to answer the question

Text Solution

AI Generated Solution

The correct Answer is:
To determine the profit earned by selling a watch for Rs. 15675, we will analyze the two statements provided. ### Step 1: Analyze Statement I Statement I states that the total cost price of 5 such watches is equal to the selling price of 4 such watches. Let: - Cost Price (CP) of 1 watch = x - Selling Price (SP) of 1 watch = 15675 From Statement I: - Total Cost Price of 5 watches = 5x - Total Selling Price of 4 watches = 4 * 15675 = 62700 According to the statement: \[ 5x = 62700 \] Now, we can solve for x (the cost price of one watch): \[ x = \frac{62700}{5} = 12540 \] ### Step 2: Calculate Profit Now that we have the cost price of one watch (CP = 12540), we can calculate the profit. Profit is given by: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] \[ \text{Profit} = 15675 - 12540 = 3125 \] ### Conclusion from Statement I Thus, from Statement I alone, we can determine that the profit earned by selling the watch is Rs. 3125. ### Step 3: Analyze Statement II Statement II states that a 25% profit is earned by selling each watch. To find the cost price using this statement: Let the cost price of one watch be y. According to Statement II: \[ \text{Selling Price} = \text{Cost Price} + 25\% \text{ of Cost Price} \] \[ 15675 = y + 0.25y \] \[ 15675 = 1.25y \] Now, we can solve for y (the cost price of one watch): \[ y = \frac{15675}{1.25} = 12540 \] ### Step 4: Calculate Profit Again Now that we have the cost price from Statement II (CP = 12540), we can calculate the profit again. Profit is given by: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] \[ \text{Profit} = 15675 - 12540 = 3125 \] ### Conclusion from Statement II Thus, from Statement II alone, we can also determine that the profit earned by selling the watch is Rs. 3125. ### Final Conclusion Both statements I and II are sufficient on their own to determine the profit earned by selling the watch. ### Answer The profit earned by selling the watch is Rs. 3125. ---
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